Social Security solvency
A Look Back at Bush’s Proposal to Keep Social Security Solvent
In 2004 President George W Bush proposed a partial privatization and sweeping overhaul of Social Security. Evan Simonoff for FA Financial Advisor takes a look back to see if that proposal would have helped the situation Social Security is in…
Perspective on Social Security Trustees Report
Martha Shedden, President of RSSA, an organization that educates and certifies Social Security advisors says Social Security reserves are being affected by increased health care costs and the legislation called the Social Security Fairness Act. EINPresswire.com reports here… As an…
2025 Social Security Trustees Report
The latest Trustees Report confirms what we’ve known for years: Social Security is on an unsustainable path. The combined trust funds are projected to run dry by 2034, just nine years from now. After that, the program can only pay…
Social Security taxes
Social Security is one of the biggest political issues which must be addressed soon. President Donald Trump wanted to eliminate taxes on Social Security but he was unable to do that with his “Big Beautiful Bill”. Adam Levy for The…
Social Security’s part in your Retirement
Per the Social Security board of trustees, the Social Security Administration trust fund will be out of money by 2034. Benefits will still be paid but with a potential 22% cut. T Woods for Yahoo Finance gives a perspective on…
More Seniors are Claiming Social Security Benefits Early
This is due to several factors like concern about the long term stability of Social Security, market volatility, health issues and job challenges. Also, a new wave of baby boomers are coming into the Social Security retirement age. Read here……
Will Income Tax on Social Security be eliminated?
This, of course, is a burning question on the mind of many who collect Social Security, because it would mean financial relief for nearly all those collecting. Under current law, a portion of one’s Social Security benefits are taxed, if…
Is Social Security really paying dead people?
Well, despite all of the media hype surrounding this allegation, the answer is “no.” Social Security actually has a long-established process for preventing that from happening. That’s not to say that an occasional erroneous payment has never been paid to…
Do You Have a Backup Plan?
If you watch this website with any regularity, you are aware that Social Security, which is an important source of income for so many American seniors, will be facing financial difficulties in less than a decade. We frequently post various…
Is Social Security Going Broke?
Well, no, it is not. But it is facing some serious financial issues which will come to a head in about 8 years, unless Congress acts soon to reform the program. Fact is, Social Security spends more money than it…